Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool Instead of cutting rates, central bank keeps them between 5.25% and 5.5%, where they have been for nearly a year
UK GDP stagnated in wet April; Wall Street hits record high as US inflation falls – as it happened UK GDP failed to grow in April, as wet weather hit retailers and construction firms
EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms Move, to be applied provisionally from July, would trigger duties of more than €2bn a year
Another washout for Rishi Sunak as rain dampens UK growth GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut
UK economy flatlines in blow to Rishi Sunak’s hopes of recovery April growth figure 0% as Britain held back by poor retail and construction activity amid wet weather
Poor investment in UK regional cities curbed economic growth, report finds Standards of living lag behind G7 countries US, France and Germany, as 50th summit approaches
Strong wage growth will further delay cut in UK interest rates, City believes First cuts not expected until late summer or early autumn despite evidence jobs market is cooling
Pre-election UK interest rate cut unlikely despite cooling jobs market and rising mortgage arrears; Moody’s warns France over snap election – as it happened Latest UK labour market report shows signs of cooling, as jobless rate hits highest since 2021
Protectionism is slowing growth and entrenching poverty, says World Bank International cooperation that allowed poorest countries to close gap with wealthiest has fractured, says report
UK unemployment is up, but wage rises make early interest rate cut less likely Bank of England will want to delay rate reduction until level of pay increases eases
Labour victory would be ‘positive for UK markets’, says JP Morgan; euro slides after European election results – as it happened Investors are rattled after far right parties make gains in European elections, while analysts at JP Morgan say a Labour win would support UK stocks
Post-Brexit ‘mess’ as Italian driver’s lorry held for 55 hours at UK border post Antonio Soprano says he was told to walk to a McDonald’s for food as there was none at Sevington
Great Britain?: How We Get Our Future Back by Torsten Bell review – a roadmap to the new normal The economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping decline
UK unemployment rising at fastest pace of OECD countries, analysis shows TUC says only Costa Rica had similar increase in first quarter as ONS data expected to show further rise in April
EU expected to impose import tariffs on Chinese electric vehicles Experts believe Beijing will retaliate with measures that could hit European exports from cheese to cognac